Miami’s real estate market slumped in 2016, with the pace of sales and appreciation slowing. But still, the market remains hot – flushed with buyers from around both the country and the globe.
It’s an attractive market with rising but reasonable prices, which is why so many developers are so confidently betting on its success. It’s estimated that over the next five years 22,000 new condo units will hit market. It’s good news for buyers, who often have an insatiable appetite for options, but somewhat bad news for agents in the sense that they’ll have to slog through that many more potential units to find the perfect match for their clients.
We tried to streamline that process a little bit. Below are six of the hottest developments in Greater Miami (organized in no particular order). Filter through each development by clicking the tabs above the table:
Park Grove
| Units to be available | 247 |
| Price range | $2.7 million to $12 million |
| Sales contact | Douglas Elliman, sales@park-grove.com, 305-834-7600 |
| Construction end date | 2018 |
| Address | 2701 S Bayshore Drive, Miami |
Panorama Tower
| Units to be available | 821 (rental) (and 208 hotel rooms) |
| Price range | TBA |
| Sales contact | Paola Saettone, 1101 Brickell Ave., Suite N100, 305-503-2100 |
| Construction end date | Late 2017, early 2018 |
| Address | 1100 Brickell Bay Drive Miami |
One Thousand Museum by Zaha Hadid Architects
| Units to be available | 83 |
| Price range | $5.5 million to $20 million+ |
| Sales contact | Harvey Daniels, 786-253-6562 |
| Construction end date | Late 2018 |
| Address | 1000 Biscayne Boulevard Miami |
Paramount Miami Residences
| Units to be available | 500+ |
| Price range | Start at $750 per square foot |
| Sales contact | Peggy Fucci, peggy@owpbrokers.com |
| Construction end date | Late 2018 |
| Address | 1010 NE 2nd Ave, Miami |
Aria on the Bay
| Units to be available | 648 |
| Price range | $400,000s to $1.8 million (regular units), $1.8 to $6 million (penthouses) |
| Sales contact | John Parsiana, jrparsiani@gmail.com, 305-788-7550 |
| Construction end date | Early 2018 |
| Address | 250 NE 25th Street, Miami |
Hyde Midtown
| Units to be available | 410 (and 60 hotel suites) |
| Price range | $434,900 to $2.035 million |
| Sales contact | 305-521-1699, info@hydemidtownmia.com |
| Construction end date | Topped off, opening Fall 2017 |
| Address | 3401 NE 1st Avenue Miami |